The studentsí team from West Bengal, Sarvodaya Aloeworld, won the business plan competition organised by the Entrepreneurship Development Circle of PEC, here, today.

Mr Vijay Gupta, Director, PEC, gave away the award and cash prize of Rs 25,000 to the winning team from West Bengal while PEC team was the runners-up and received Rs15,000. He complimented the students and the mentors for working with the participants in preparing their project reports.

The innovative business plans related to manufacturing of aloevera products, roof scaping, manufacturing of solar tube cells using nano-technology, and ready-to-cook sterilised vegetables which did not require freezing.

Mr I.S. Paul, President, TIE, and Managing Director, Drish Shoes, advised the young entrepreneurs to work hard as there were no shortcuts to success. He said working hard, believing in yourself, and trusting the people you work with were essential to reach the top.

Mr Sachit Jain, CEO of Vardhman, said success was not only dreaming big but also working hard to making those dream come true.

Fifteen entries were received from undergraduate colleges from Pune, Hyderabad, Solan, West Bengal, Jalandhar, IIT Delhi and other parts of the country which were reviewed and four were finally shortlisted by Mr Puneet Vatsayan and Mrs Anupama Arya, Directors of Mobera Systems

The four finalists included two teams from Punjab Engineering College, one from Department of Chemical Engineering and Technology, Panjab University, and Sarvodya Aloeworld from Maulana Azad College, West Bengal.